Yellow's lawyers deem Sarah Riggs Amico's revival bid as undervaluing startup costs and overstating future earnings. Additionally, delayed debt repayments and transformation of some debts into equity are seen as unattractive as Yellow proceeds with asset liquidation.
Iantroverted92
:
yes. if you've been following the court case. it has assets ready to sell almost equal to the debt they carry. but, Apollo just sold there 500 mil loan to citadel. so that's a plot twist.
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OP
Iantroverted92
:
yeah but assets are almost equal to their debt, that doesn't include shareholders. there's literally no chance of a stock buyback. they'd even have to make another offering just to cover their remaining debt which they might since people are apparently willing to buy
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